[ad_1] A 47-year-old private sector employee from Hyderabad was duped of nearly ₹1.9 lakh by a fraudster posing as HDFC Bank customer care representative. According to the complaint filed by the victim, he recently submitted a request to the HDFC Bank to increase his credit card limit. Shortly thereafter, he received a WhatsApp call from…
[ad_1] NEW DELHI: Market capitalization of nine of the top-10 most valued companies witnessed a massive decline of Rs 4,74,906.18 crore last week, with Reliance Industries and HDFC Bank suffering the most significant, primarily due to the overall weak performance of the equity markets amid the Middle East conflict and foreign fund outflows. The BSE…
[ad_1] MUMBAI: HDFC Bank’s mortgage business head Arvind Kapil has filed papers to take charge as MD & CEO of Poonawalla Fincorp. Kapil is a 25-year veteran of HDFC Bank and was placed in charge of the legacy housing finance business of HDFC after its merger with the bank last year.“Given the sheer size of…
[ad_1] NEW DELHI: Shares of Paytm‘s parent company, One97 Communication, hit upper circuit on Friday following National Payments Corporation of India (NPCI) approval to join UPI as a Third-Party Application Provider (TPAP) under a multi-bank model.Paytm shares surged nearly 5% or 17.65 points to 370.70 from its previous close of 353.05. Paytm will collaborate with…
[ad_1] NEW DELHI: The combined market valuation of seven of the top-10 most-valued firms eroded by Rs 1.16 lakh crore last week, with HDFC Bank emerging as the biggest laggard. In the holiday-shortened week, the BSE benchmark fell by 982.56 points or 1.37%. Of the top-10 most-valued firms, Reliance Industries, Tata Consultancy Services (TCS), HDFC…
[ad_1] MUMBAI: HDFC Bank said on Thursday that RBI has allowed LIC to increase its stake in the bank up to 9.99%.This is an enabling provision in line with RBI norms of shareholding of private banks. RBI has separate fit-and-proper guidelines for companies that are allowed up to 5% stake and for entities holding from…
[ad_1] Ayodhya Ram Mandir inauguration: Today, on January 22, as the Ayodhya Ram Mandir is inaugurated, some banks across the country are closed for the day while others are observing half-days. Here’s an overview of the bank holiday situation on this day.State government and educational institutions closureAccording to an ET report, several state governments have…
[ad_1] NEW DELHI: Foreign investors have adopted a cautious approach this month, offloading domestic equities worth Rs 13,000 crore in the first three weeks owing to high valuations of Indian stocks and surging US bond yields.In contrast, foreign investors are bullish on the debt market and injected Rs 15,647 crore in the debt market during…
[ad_1] HDFC Bank’s earnings has now raised concern about reports from peers. The outlook has quickly soured for India’s $433 billion banking sector after a rare selloff in HDFC Bank Ltd., the country’s biggest private sector lender. A gauge of the country’s top 12 largest banks is set for its worst week since September, erasing…
[ad_1] MUMBAI: After gaining for weeks, the sensex witnessed a session of across-the-board profit-taking, mainly by foreign funds, that led to a 1,628-point or 2.2% drop in the index to 71,501 points. This was the biggest single-session slide in the sensex in almost 23 months, which left investors poorer by about Rs 4 lakh crore,…
